The Competitors Fee of India (
) in June accused Amazon of concealing details and making false submissions when it sought approval for the $200 million funding right into a Future unit in 2019, a deal that’s now on the coronary heart of protracted authorized disputes between the 2 sides.
Amazon advised Reuters on the time that it was assured of addressing the watchdog’s considerations.
The Supreme Courtroom strategy by Amazon comes because the CCI on Wednesday held a closed-door listening to the place the US agency’s legal professionals declined to argue and clarify their place on the matter, saying they’d requested the highest courtroom to pause the method.
The watchdog famous in an inner doc – seen by Reuters – that it had determined to present no extensions to the corporate to clarify its place and can now difficulty an order in the end.
Amazon and the CCI didn’t instantly reply to a request for remark.
The CCI determination is essential to Amazon’s authorized challenges. If the CCI guidelines in opposition to Amazon and revokes the 2019 approval, it may have wide-ranging ramifications on the US agency’s ongoing authorized battle with Future, folks conversant in the case say.
That is as a result of Amazon has thus far efficiently used the 2019 Future unit deal to argue breach of sure contracts when the Indian firm introduced plans to promote its retail belongings to rival
for $3.4 billion final 12 months.
Future, which denies any wrongdoing, accuses Amazon of illegally interfering in its enterprise selections and derailing a possible deal with out which it says it’ll face liquidation.